PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0688%/8h= +75.3% APRnext payment +$6.88 per $10,000 · paid last 24h −0.015%

Price spread now: MEXC against Bitget+0.137%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days−0.115%−$12 · spread now +0.137%, 7d avg +0.022%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and MEXC is 0.115% dearer against Bitget than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.022%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.030% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.88 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PEPEUSDT	0.000004834	0.0167	pay 0.0167% / 8h	1h 43m	$42.5M	$151.3M	75x
Short	MEXC PEPE_USDT	0.000004841	0.0855	get 0.0855% / 8h	1h 43m	$92.0M	$283.0M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee MEXCbpOrdersPrice spread, now +0.137%Rate

Funding earned: $144.48
Price spread: +0.137% → +0.022%: $11.49
Slippage, 4 orders: −$8.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: $135.15
Costs to cover: 0.208%
Break-even: 0.5 days

Slippage from Bitget: live order book, 1 min ago; MEXC: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 1 min ago	1.55 bp	9.7 bp −$10	14.7 bp −$147	29.3 bp −$2,931	doesn't fit
Sell MEXC live order book, 1 min ago	0.10 bp	1.3 bp −$1	13.1 bp −$131	47.5 bp −$4,752	77.4 bp −$38.7K

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PEPE-USD	0.0000%	1h	0.000004838	+0.083%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004828	−0.116%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004838	+0.083%	$623K	$5.4M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004834	0.000%	$61.0M	$76.8M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004840	+0.124%	$60K	$113K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004837	+0.070%	$87.9M	$278.7M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004834	0.000%	$150.8M	$62.2M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004834	+0.004%	$25.0M	$53.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004845	+0.228%	$545K	$3.9M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004840	+0.130%	$27K	$344K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004849	+0.304%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004834	0.000%	$2K	$9K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004844	+0.209%	$550K	$3.5M	75x	as long as short
Bitget PEPEUSDTlong	+0.0167%	8h	0.000004834	long leg	$42.5M	$151.3M	75x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004836	+0.036%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0201%	8h	0.000004842	+0.165%	$41.5M	$491.5M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0316% / S −0.0215%	1h	0.000004000	−17.253%	$52K	—	100x	as long as short
BloFin PEPE-USDT	+0.0324%	8h	0.000004842	+0.165%	$3.9M	$22.2M	75x	as long as short
Paradex kPEPE-USD-PERP	+0.0428%	8h	0.000004837	+0.064%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0433%	8h	0.000004840	+0.116%	$2.3M	$6.4M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0440%	8h	0.000004832	−0.048%	$30K	$11K	20x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004847	+0.269%	$617K	$25.6M	50x	as long as short
01 Exchange kPEPEUSD	+0.0536%	1h	0.000004844	+0.207%	$555	$2K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0578%	1h	0.000004833	−0.021%	$82K	$94K	25x	as long as short
Backpack kPEPE_USDC_PERP	+0.0679%	1h	0.000004837	+0.072%	$92K	$614K	15x	as long as short
Nado kPEPE-PERP	+0.0758%	1h	0.000004836	+0.044%	$186K	$854K	10x	as long as short
BingX 1000PEPE-USDC	+0.0837%	8h	0.000004831	−0.070%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0848%	1h	0.000004833	−0.025%	$532K	$148K	25x	as long as short
Binance 1000PEPEUSDT	+0.0850%	8h	0.000004840	+0.125%	$130.4M	$1.03B	75x	as long as short
MEXC PEPE_USDTshort	+0.0855%	8h	0.000004841	+0.137%	$92.0M	$283.0M	300x
Aevo 1000PEPE-PERP	+0.0864%	1h	0.000004836	+0.041%	$137K	—	3x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004868	+0.703%	$4K	$103K	12x	as long as short
Aster 1000PEPEUSDT	+0.0881%	8h	0.000004833	−0.019%	$1.5M	$7.0M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0935%	1h	0.000004841	+0.145%	$103K	$764K	25x	as long as short
Kraken Futures PF_PEPEUSD	+0.1319%	1h	0.000004835	+0.013%	$4.0M	$13.2M	50x	as long as short